Doha: Qatar Central Bank (QCB) issued on Tuesday treasury bills for July, for three, six and nine months, with a value of QR600m.
In a statement on its website, QCB said that the treasury bills were distributed as follows: QR300m for three months at an interest rate of 0.75 percent, QR200m for six months at an interest rate of 2.02 percent, and QR100m for nine months at an interest rate of 2.29 percent.
This issuance comes within the framework of QCB's endeavor to develop the monetary policy in the State of Qatar, increase its effectiveness, contribute to the strength of the banking and financial system, activate the open market tools as one of the monetary policy tools, and implement the coordination mechanism between fiscal and monetary policies.
The issuance is also part of a series of issues executed by QCB on behalf of the Government of the State of Qatar, according to the schedule previously prepared by QCB, and in coordination with the Ministry of Finance.
Treasury bills are issued through auction for banks operating in Qatar.
